Tesla Would Need to Immediately Increase Model 3 Production Rate by 391% to Meet Original 2018 Target
data sources: Bloomberg, Tesla Two years ago, Elon Musk proclaimed that Tesla Motors would produce 500,000 all-electric vehicles in 2018, with the highly anticipated Model 3 accounting for about 400,000 of that enthusiastic projection according to some estimates. While some had faith in Musk’s ambitious plan (shares of the company jumped more than 5% after the announcement), many analysts expressed serious doubts that the company would be able to reach its lofty target. It’s no secret that in the two years that have followed Tesla has struggled mightily to get production of its Model 3 car up and running smoothly....
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